Oslo, Norway, August 13, 2025
2020 Bulkers Ltd. ("2020 Bulkers" or the "Company") today announced its
unaudited financial and operating results for the three and six months ended
June 30, 2025.
Key events during the second quarter of 2025
- The Company reported net profit of US$5.8 million and EBITDA of
US$9.6 million for the second quarter of 2025.
- The Company achieved average time charter equivalent earnings of
approximately US$29,700 per day, gross, including realized gains on forward
freight agreements ("FFA").
- The Company declared total dividends of US$0.37 per share for the
months of April, May and June 2025.
- The Company completed drydocking for Bulk Sao Paulo and Bulk Santos
at a total cost of US$2.6 million.
- The Company realized gains on forward freight agreements of
approximately US$1.4 million.
Subsequent Events
- The Company entered into hedging transactions through FFAs
effectively securing an average fixed rate of approximately US$33,700 per day,
gross, for two vessels from August 1 to December 31, 2025.
- Achieved average time charter equivalent earnings for July 2025 of
approximately US$31,700, per day, gross.
- In August 2025, the Company declared a dividend of US$0.15 per share
for July 2025.
The Board of Directors Report, the Condensed Consolidated Financial Statements
and the Q2 2025 Presentation are available in the enclosed files.
About 2020 Bulkers Ltd.
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on 26
September 2017. The Company's shares are traded on Oslo Børs under the ticker
"2020".
2020 Bulkers is an owner and operator of large dry bulk vessels. The Company
has six Newcastlemax dry bulk vessels in operation.
August 13, 2025
Board of Directors
2020 Bulkers Ltd.
Oslo, Norway